Online Vehicle Terms: 10% buyer premium added to final bids. If you are the winning bidder, 3% of the total amount will be charged to your credit card on file at the conclusion of the auction. The balance will be due by the end of the next business day and can be paid by cash, check, certified funds in our office or a bank to bank wire transfer. IF payment is made by check, possession will be given when check clears.

Auction Terms

Online Vehicle Terms: 10% buyer premium added to final bids. If you are the winning bidder, 3% of the total amount will be charged to your credit card on file at the conclusion of the auction. The balance will be due by the end of the next business day and can be paid by cash, check, certified funds in our office or a bank to bank wire transfer. IF payment is made by check, possession will be given when check clears.

Bank Letter of Guarantee

If you plan to pay for your purchase by personal check, company check or wire transfer, you will need to present a bank letter of guarantee.

1. The letter must be on official bank letterhead and signed by a bank representative.IMPORTANT: THE BANK MUST STATE THAT THEY IRREVOCABLY GUARANTEE THE PAYMENT OF THE CHECK BEING PRESENTED. IT IS NOT SUFFICIENT FOR THE BANK TO STATE THE CREDIT LIMIT OR BALANCE OF THE INDIVIDUAL/COMPANY.

2. The letter must state the name of the individual or company for whom the guarantee is being stated and if a check is used, it must have the same name printed on it.

3. The letter should contain the account number on which the check or wire transfer is to be drawn and the check or wire transfer should match this same account number.

4. The letter should state an ending date after which the letter of guarantee will expire (at least seven days from auction).

5. The letter must contain a maximum amount for which the bank will guarantee. The check must not be written for more than is guaranteed by the bank.

SAMPLE BANK LETTERRARE Auction Group

4000 Olivet Church Rd.

Paducah, KY 42001

Dear Sirs(BANK NAME) irrevocably guarantees payment in full to RARE Auction Group by (BUSINESS NAME) drawn on account (NUMBER), up to the amount of $ (DOLLARS) to purchase items at your (AUCTION NAME). This letter of guarantee is valid until (Month, Date, Year).